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Privatisation Council authorises Tender Commission to start negotiations with Czech-Montenegrin consortium on purchase of Institute Dr Simo Milošević

Published on: Mar 29, 2019 9:18 PM Author: PR Service
Podgorica, Montenegro (29 March 2019) -- At its 16th session, the Privatisation and Capital Projects Council adopted the Report of the Tender Commission for Privatisation on the results of the public tender for the purchase of 56.4806% of the share capital of the Institute of Physical Medicine, Rehabilitation and Rheumatology Dr Simo Milošević AD Igalo and authorised the Tender Commission to start negotiations with the Bidder - Consortium of the Czech Philibert and Petrovac-based Villla Oliva on the signing of the purchase agreement.

The offered price for the shares is EUR 10 million, while the investment programme amounts to EUR 27,944,380 (reconstruction and modernisation of facilities, improvement of services and further development of tourist and medical personnel). The Tender also envisages the incorporation of the Tenderer's statement on the unconditional acceptance of compliance with the existing Collective Contracts (General, Grant and Collective Agreement with the employer), as well as a statement that they will not request their change in a period of at least three years from the closing of the transaction.

Public call for the sale was announced on 16 October 2018, with deadline for submission of bids until 14 January 2019 at 12:00. The tender documentation was purchased by three entities, but, as stated on the day of expiry of the deadline, the sole bid was submitted by the Czech-Montenegrin consortium Philibert.a.s. and Vile Oliva d.o.o. The bid was opened at the session of the Tender Commission which took place on 18 January, and at the session which was held on 24 January, it was concluded that the bid was formally vallid, that is, that it fulfilled the conditions set out in the Regulation on purchase of shares and assets through the public tender and the Tender Documentation.

The owners of the capital that is being sold are the Government of Montenegro, Investment Development Fund of Montenegro, Health Insurance Fund of Montenegro and the Employment Agency of Montenegro.

The Privatisation and Capital Projects Council reviewed the Information on the need for signing the Annex to the long-term lease agreement of the Kolašin 1600 ski resort and adopting the Decision Amending the Decision on long-term lease of land for the construction of the base settlement at the Kolašin 1600 ski resort with the Proposal of the Annex to the long-term lease agreement for the Kolašin 1600 ski resort, submitted by the Ministry of Sustainable Development and Tourism and the Secretariat for Development Projects.

Due to different data on geodetic coordinates of the Locations and reduction of the area of ​​the leased facilities, the Government was proposed to adopt the Information, approve the Draft Decision Amending the said Decision and accept the Proposal of the Annex to the contract, and to authorise Minister of Sustainable Development and Tourism Pavle Radulović to sign the Annex on behalf of the Government.

Today's session also considered the Information on the fulfillment of the conditions for the return of the third bank guarantee to the company "Global Ports Holding" - the buyer of shares of the company Container Terminal and General Cargo AD - Bar, submitted by the Ministry of Transport and Maritime Affairs.

The Information indicates that the Buyer has provided factual findings regarding the Contract on the execution of works on the rehabilitation and reinforcement of the construction of the southern coast of Gata 1 and that the Audit Committee confirmed the findings, which is why the Council proposes to the Government to conclude that the Buyer invested EUR 1.583.284,90 in the rehabilitation and strengthening of the construction of the South Coast Gata 1, thus creating conditions for a bank guarantee issued amounting to EUR of 450,000 to be returned to the Buyer.

The Council reviewed the Report on executed control of completed works and the level of investments under the investment programme of the project "Portonovi" - Kumbor, Herceg Novi, for the period from 1 January 2017 to 31 December 2018, which was submitted by the Ministry of Sustainable Development and Tourism. It is proposed to the Government to adopt the report stating that the Azmont invested EUR 146,158,532.53 during the reporting period, and EUR 329,882,782.02 since the beginning of the realisation of the investment. 
 
Based on the proposal of the Property Claims Commission, the Council issued opinions on the claims of Uniprom and Jadran Perast to convert the rights to use into property rights.

The Privatisation and Capital Projects Council was informed about the information of the Ministry of Finance on the implementation of the obligations pursuant to the conclusions of the Privatisation and Capital Projects Council of 22 October 2018 concerning the company Vektra Boka.

PUBLIC RELATIONS SERVICE OF THE GOVERNMENT OF MONTENEGRO
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